Mortgage payment protection insurance (MPPI)

You are able to take out mortgage payment protection insurance to cover your mortgage payments and other associated outgoings in the event of loss of income following accident, sickness and involuntary unemployment. The self employed may also be covered for loss of self employment in certain circumstances. It is also know as ASU.

By taking out MPPI insurance alongside your mortgage, you can set the deferral periods yourself , knowing that a proportion or all of your mortgage payments will be covered after a certain number of weeks or months (usually 30, 60 or 90 days) for a given period, usually a maximum of 12 months.